08-26-2021, 05:50 PM
As if you didn’t need any more reason to utilise crypto for decentralisation HSBC
<!-- SC_OFF --><div class="md"><p>The fact that even at £100,000 you would only earn £20 interest is actually rediculous. Meanwhile the bank is taking your money and lending it out to over people for anywhere between 3-20% APR, especially for the unfortunate people who are in overdrafts getting charged an extortionate 20% interest.</p> <p>Why keep your money in a bank and earn a tiny 0.02% interest when you can earn 6% interest on stable coins using crypto instead. Let alone if you stake crypto itself you can get much higher APR if you want to take on more risk.</p> <p>Take your money out of the bank and pay yourself some interest</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Sloshy_EU"> /u/Sloshy_EU </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pbw3u5/as_if_you_didnt_need_any_more_reason_to_utilise/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pbw3u5/as_if_you_didnt_need_any_more_reason_to_utilise/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The fact that even at £100,000 you would only earn £20 interest is actually rediculous. Meanwhile the bank is taking your money and lending it out to over people for anywhere between 3-20% APR, especially for the unfortunate people who are in overdrafts getting charged an extortionate 20% interest.</p> <p>Why keep your money in a bank and earn a tiny 0.02% interest when you can earn 6% interest on stable coins using crypto instead. Let alone if you stake crypto itself you can get much higher APR if you want to take on more risk.</p> <p>Take your money out of the bank and pay yourself some interest</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Sloshy_EU"> /u/Sloshy_EU </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pbw3u5/as_if_you_didnt_need_any_more_reason_to_utilise/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/pbw3u5/as_if_you_didnt_need_any_more_reason_to_utilise/">[comments]</a></span>Kind Regards R